$DELL Perpetual contract funding rates are maintained at 0—this is the cleanest data. Against the backdrop of a 6.55% rise, neither longs nor shorts have paid any extra costs for their positions. This means the current price movement is not driven by one side being extremely crowded with leveraged positions; the market structure is relatively healthy.
My view is that this rally is more like a reflection of spot or hedging demand rather than being driven by bullish sentiment among perpetual contract longs. If the funding rate then turns positive quickly and rises, it could indicate that chasing-buying funds are starting to pour in, in which case the sustainability of the upward move should be treated with caution.
Trading tag: #TradFi #链上美股 #DELL
Where do you think this assessment is most likely to be wrong?
My view is that this rally is more like a reflection of spot or hedging demand rather than being driven by bullish sentiment among perpetual contract longs. If the funding rate then turns positive quickly and rises, it could indicate that chasing-buying funds are starting to pour in, in which case the sustainability of the upward move should be treated with caution.
Trading tag: #TradFi #链上美股 #DELL
Where do you think this assessment is most likely to be wrong?